Zacks: Brokerages Expect Cobalt International Energy, Inc. (CIE) Will Announce Earnings of -$2.09 Per Share
Brokerages expect Cobalt International Energy, Inc. (NYSE:CIE) to announce ($2.09) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Cobalt International Energy’s earnings. Cobalt International Energy posted earnings per share of ($6.45) in the same quarter last year, which would suggest a positive year-over-year growth rate of 67.6%. The company is expected to announce its next earnings results on Tuesday, March 13th.
According to Zacks, analysts expect that Cobalt International Energy will report full-year earnings of ($8.59) per share for the current year. For the next year, analysts expect that the company will post earnings of ($6.46) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cobalt International Energy.
A number of equities research analysts have issued reports on CIE shares. Zacks Investment Research downgraded shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Citigroup reaffirmed a “sell” rating on shares of Cobalt International Energy in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $90.67.
Shares of Cobalt International Energy (CIE) traded up $0.02 during trading on Thursday, hitting $0.52. 548,800 shares of the company traded hands, compared to its average volume of 696,722. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of -1.70. Cobalt International Energy has a one year low of $0.35 and a one year high of $20.85.
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About Cobalt International Energy
Cobalt International Energy, Inc is an independent exploration and production company. The Company has its operations focused in the deepwater United States Gulf of Mexico. The Company also has a non-operated interest in the Diaba Block offshore Gabon in West Africa. The Company’s exploration efforts in the United States Gulf of Mexico has resulted in four oil and natural gas discoveries including the North Platte, Shenandoah, Anchor and Heidelberg fields.
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